Chelsea posts big loss, blames Russia sanctions

Chelsea reportedly bid 120 million euros for Benfica's Enzo Fernandez in what would be break the record for the largest British transfer.

France's electricity company EDF has posted a record single-year loss of €17.9 billion. Major repairs to the country's nuclear plants, plus Russia's invasion of Ukraine combined to create the disastrous figures.

The US treasury secretary says Russia is battling to replenish ammunition and repair tanks because of sanctions. Janet Yellen made the comments ahead of G20 talks in India.

As Tropical Cyclone Freddy leaves around 100 people dead across Malawi amid a trail of destruction, a charity in Scotland is already doing its bit to try to mitigate the effects of climate change there. Malawi has been highlighted as one of the most vulnerable countries in the world to climate change.

As Honduras contemplates switching diplomatic allegiance from Taiwan to China, experts say unofficial ties with remaining allies are stable but it's important to maintain formal relations, amid pressure from Beijing.

Find these stories and much more when you grab a copy of The Guardian on Saturday.⁣

Chelsea posted an overall net loss of almost $149 million for 2021-22 due to "extraordinary expenses and loss of revenue" after sanctions were imposed on previous owner Roman Abramovich, the English Premier League soccer club said on Monday.

Chelsea have sacked manager Graham Potter, the London club said on Sunday after a string of poor results left the team 11th in the Premier League.

Ayomide Sotubo and James Agberebi on The Nutmeg talk about current football stories. Graham Potter has finally been shown the exit door at Chelsea. That's the 12th managerial sacking in the Premier League season. There is so much more to discuss in this episode.

Chelsea's interim manager Frank Lampard said they look forward to being underdogs against Real Madrid in the first leg of their Champions League quarter-final at the Bernabeu.

British media reported on Wednesday that Mauricio Pochettio is set to be named as manager of Chelsea.

The French media outlet, Entreprendre has reported that the owner of Africa's largest industrial conglomerate Dangote Plc i.e. Aliko Dangote is getting ready to acquire 60% of the French Second division side Valenciennes. Ayomide Sotubo and adeyemi Adesanya on The Nutmeg this week.